“Chinese manufacturing growth is likely to be bottoming out,"
said HSBC
economist Hongbin Qu. "However, the sharper contraction of
new export orders and the lingering pressures on job markets mean
that Beijing should step up easing to support growth and
employment. Fiscal measures should play a more important role in
the coming months.”

China is second largest economy in the world and arguably its
most important growth engine.

The hot emerging market is slowing. However economists
remain split on whether the slowdown will end in a hard landing.

Countries around the world will be reporting September
manufacturing PMI reports today.